$2,197 Closing Credit*
$184,999
2,125 SqFt
3 Beds
•2 Full Baths
JJ Johannes, Listing Office: Epique Realty
Is Fairview Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fairview Township has remained a Seller's Market.
Key Takeaway
Fairview Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairview Township, IA
How much do homes in Fairview Township, IA cost?
Median Sold Price
$205,500
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$45,000(-18.0%)
Key Takeaway
Homes in Fairview Township have sold for 18% less than they did a year ago.
Summary: The median home sold price in Fairview Township was $205,500 in October 2024, down 18% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | - | N/A |
| 2 Bedrooms | $200K | $160K | -20.0% |
| 3 Bedrooms | $184.7K | $163K | -11.8% |
| 4 Bedrooms | $290K | $304.5K | +5.0% |
| 5+ Bedrooms | $395.5K | $554.7K | +40.3% |
Summary: Fairview Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 40.3%.
Median Sold Price Compared To Nearby Cities
| Brown Township | $224K | $222K | -0.9% |
| Anamosa | $250K | $205.5K | -17.8% |
| Fairview Township | $250.5K | $205.5K | -18.0% |
Housing Supply in Fairview Township, IA
How many homes are available in Fairview Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The Fairview Township real estate market had 24 homes for sale in October 2024, a 17.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Fairview Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Fairview Township in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Fairview Township, IA
How long does it take to sell a home in Fairview Township, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 63 Days | +47.4% |
Summary: Homes in Fairview Township had an average of 63 days on market in Oct 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Fairview Township; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.